TLDR InfoSec · MISCELLANEOUS

HACKERS DRAIN $320M IN BITCOIN FROM LIQUID NETWORK, CLAIM THEY'RE THE GOOD GUYS

theregister.com2 min read

Summary from the TLDR InfoSec newsletter

Attackers withdrew about 4,000 BTC, roughly 95% of Liquid's federation wallet. Liquid disabled bridge nodes and asked exchanges to halt L-BTC deposits and withdrawals. The attackers used SideSwap's peg-out process, though Liquid says no Peg-out Authorization Key was compromised. They claim they will return most funds after every node receives a fix.